Story perspectives
Otis CEO Survives Shareholder Backlash Amid Profit Surge
6/12/2025
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Story summary
- Judy Marks, CEO of Otis Worldwide, encountered 60% shareholder opposition regarding her $42 million compensation at the May 15 meeting.
- Otis, headquartered in Farmington, Connecticut, manages elevators worldwide, including iconic structures like the Space Needle and Burj Khalifa.
- Despite the compensation controversy, Otis achieved $3.35 billion in revenue and $368 million in profit in Q1.
- Marks, a notable female CEO in the Fortune 500, was reelected with 93% of shareholder votes.
